Senate debates
Tuesday, 12 May 2020
Questions without Notice
COVID-19: Economy
2:08 pm
Katy Gallagher (ACT, Australian Labor Party, Shadow Minister for Finance) Share this | Hansard source
My question is to the Minister representing the Prime Minister, Senator Cormann. ABS data released earlier this month showed that up to 700,000 people had lost their jobs since mid-March due to COVID-19. The RBA is predicting that unemployment will reach 10 per cent by the middle of the year and remain persistently high for years to come. Does the government agree with the RBA's assessment? And in what year will unemployment return to pre-coronavirus levels?
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